Az furniture sales plummet more than U.S. average
Arizona furniture sales and employment figures, dragged down by the housing industry, suffered a worse decline than the national average. The cost to bring products to the retailer and expenses for delivering furniture to consumers has risen. And many retailers absorb the extra costs, further lowering their profit margins, he said.
Tough economic times mean cutbacks, [...]
ScS share plunge underlines chilling downturn in furniture sales
Shares in ScS Upholstery, the furniture retailer, plunged almost 40pc today after the store group said that an unnamed credit insurer had stopped offering cover to a number of suppliers who sell sofas to the retailer.
The announcement, which relates to a technical aspect of the supply chain, is chilling evidence of the steep downturn in [...]
Garden furniture sales up 75% at John Lewis
Last week’s hot weather may have caused overall sales at John Lewis to dip but the outdoor living section had a record week. Store sales for the week to May 10 dropped 4.3 per cent on last year to ￡47 million, while garden furniture and accessories sales were up 75 per cent.
John Lewis said the [...]
Longoria keeps furniture moving
After delivering furniture for more than three decades, Gus Longoria decided four years ago to get into the Furniture sales end of the business, so he purchased California Furniture Liquidators in Salinas.
During all the years he was delivering furniture, the Longoria, who lives in the foothills east of Salinas, said he hoped to one day [...]